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Old 03-08-2013, 10:55 AM
 
261 posts, read 404,152 times
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I am setting up service in the house we are supposed to occupy soon. And two utilities wanted a deposit that they promised would be refunded after 12 months of service. Nevada power wanted a deposit of $435 that will be on my first bill. Does that seem a bit high to anyone?
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Old 03-08-2013, 11:11 AM
 
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Usually you can get that waived if you can provide a letter from your current utility showing you have a good payment history.

I think the deposit amount is based upon prior usage at the home. I guess the previous owners used a lot of electricity?

Did you ask them for the average monthly billing?
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Old 03-08-2013, 05:59 PM
 
Location: Las Vegas
205 posts, read 291,467 times
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Wow! $435. I don't think I had to pay a deposit with NV energy when I moved here. I had to with SW Gas, but that was the only one. Look at it this way, you are going to get the money credited on your bill after 12 months, so it's not like you are really paying anything out of pocket for something of zero value. Just sending your money away for a year vacation.
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Old 03-08-2013, 06:03 PM
 
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Quote:
Originally Posted by tbill618 View Post
I am setting up service in the house we are supposed to occupy soon. And two utilities wanted a deposit that they promised would be refunded after 12 months of service. Nevada power wanted a deposit of $435 that will be on my first bill. Does that seem a bit high to anyone?
Wow, that is crazy! Do you have horrible credit by chance? I did have to pay a deposit too, but is was $55 and they did refund it after 12 months.
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Old 03-08-2013, 07:16 PM
 
88 posts, read 143,328 times
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Hi tbill

Just a quickie, since I spoke with NV Energy just a couple of days ago... I posted something along the lines of Utilities info for newbies to vegas...

If you're military then the deposit is generally waived, after that I believe it's based on your credit score.

Sounds horribly high but like someone said above, maybe look at it as a savings - still sucks to pay this much though...

Good luck! I hope you manage to sort something out...

Jessey
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Old 03-11-2013, 10:32 PM
 
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When I was there they said I could provide a letter of credit. Conversely, they were also willing to waive the deposit if I would allow the bill to be automatically bank drafted from my checking account. .Apparently, they waive deposits when you use the automatic bank draft.
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Old 03-12-2013, 12:14 AM
 
Location: Sunrise
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It must be credit score based. And the deposit amount must ALSO be credit score based.
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Old 03-12-2013, 07:34 AM
 
10,138 posts, read 14,279,089 times
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Originally Posted by ScoopLV View Post
And the deposit amount must ALSO be credit score based.
No, that is incorrect.

How does NV Energy determine the amount of the deposit?
Deposits are an average of the last 12 months of service at the address. If your residence does not have previous billing history, we charge $100 per service.

https://www.nvenergy.com/home/custom...credit_payment
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Old 03-12-2013, 08:07 AM
 
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When we moved here a year ago we did not have to pay a deposit on any of the utilities. There must be more than one way they figure it out.
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Old 03-12-2013, 10:05 AM
 
Location: Sunrise
10,865 posts, read 16,050,523 times
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[blah]
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